NY -- Standard & Poor's CreditWire 1/22/1999 -- Standard & Poor's today assigned its triple-'B' rating to Talisman Energy Inc.'s proposed 49-year, preferred securities issue. At the same time, Standard & Poor's affirmed its triple-'B'-plus corporate credit and senior unsecured debt ratings on the company. The outlook was revised to negative from stable. Proceeds from the issue will be used to repay existing debt. The rating on Talisman Energy reflects the company's average competitive position, a growing and diversifying reserve base, and fairly conservative financial policies, which are offset by a high growth strategy. Talisman Energy has made a series of acquisitions that have increased its year-end 1997 net proved reserve base to 254 million boe of liquids and 2.3
